Musk Says Tesla Shareholders Will Vote on Whether to Invest in xAI

On July 14, according to Jinshi Data, after SpaceX prepared to invest $2.000 billion in xAI, Musk stated that Tesla plans to hold a shareholder vote on whether to invest in xAI. Musk said in response to a post on X that any decision to support xAI is ultimately not up to him. Musk publicly asked X users last year whether Tesla should invest $5.000 billion in xAI, writing at the time that he was just testing the waters. But he said at the time that the Tesla board and supporters needed to give the decision the green light. Tesla disclosed this April that xAI was a Tesla customer last year, with commercial, consulting and support agreements with Tesla resulting in $188.300 million in expenses. The majority of this transaction ($191.000 million) involved xAI purchasing Tesla's utility-scale energy storage battery Megapack. [Deep Tide TechFlow]